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Bitcoin Securities Update: October 2014

The month of October featured some action, but on the whole activity in the Bitcoin securities space was mostly unremarkable with the exception of Qntra's opening. And now to the the numbers:

MPEx (S.MPOE) – Profit of ~305 BTC off of ~331 in revenue split from 290 BTC in new account registrations and almost 41 BTC in trading fees. Expenses were ~25 BTC in tech expenses and 0.1 BTC in advertising.

Start up Shorting Fund (F.DERP) – Featured a cash increase of ~14.7 BTC in coverage. Assets are presently ~7451.6 BTC, and 10,000 shares will be offered for sale sometime on November 15th. F.DERP's statement offers

F.DERP has a total of 227`452`389 authorized shares outstanding. The total assets per share implied value is thus 0.00003245 BTC. The cash+tangible assets per share implied value is thus 0.00003245 BTC.

F.DERP realised no operating revenue this period. The P/E implied value per share is thus 0 BTC. It is faintly expected to realize operating revenue next period, on the vague hope that who knows, maybe the alleged investors in these things actually exist, and maybe even operate within some sort of a rational, market-driven environment. Perhaps.

BitBet (S.BBET) – Realized a profit of ~2.9 BTC on ~3.99 BTC of revenue and ~1.09 BTC in expenses. BitBet also saw substantial action on the Berkshire vs. Bitcoin bet from which fees will be realized as revenue at the bet's conclusion.

MPIF (F.MPIF) – Realized a loss of ~5.88 BTC. After the liquidation of MPIF's ATC holdings due to realities of mining of altchains, only two centers of potentially profit making activity remains though the general manager is actively seeking new opportunities. ATC trading had been a source of profit for MPIF until MPIF was forced to support mining of ATC on its own after a difficulty increase.